Lindsay David predicts real estate bubble will pop end of 2017

First day of the year. What’s on the front page?

 

Dunno. I don't read the paper. What have I missed?

 

may need to request an extension time..?? Till end of 2020

 

Probably. It's a bit awkward when you publish a book with a firm prediction and then the prediction is wrong. So, does the book now get moved to the "fiction" section of the bookshop? Perhaps it needs a new edition where the catastrophic housing market collapse happens in 2020 instead of 2017.

 

Re

revised edition... Or second may be third edition.

 

That would work. Just keep pumping out new editions and hope the property market crashes

 

What do you think of Australia: Boom to Bust now?

 

That he made some cash selling books but got it wrong.

 

Well this is on the front page of the Daily Mail UK today: "The bubble has FINALLY burst! House prices fall in Australia's biggest cities and more declines are tipped"

Read more: Home prices suffer huge 14 per cent turnaround in Sydney | Daily Mail Online


It is 100% clickbait and doesn't indicate any sort of bubble burst but I just thought it was funny reading your comment then seeing that article pop up on google.

 

If we continue to see drops in Sydney and it spreads on the other hand - he could claim he was right.

 

Don't forget that he claimed one of the big 4 banks would go bust or be bailed out by the end of 2017. Instead the big 4 consistently post record profits. While I agree this won't last and can't last, I am not arrogant enough or stupid enough to claim that one of the big 4 will go broke. But then again, I don't have a book to spruik

 

Moving it to fiction would be a start. He won’t apologise, I jumped onto his twitter account and he still believes it will happen.

 

Just laughing

 

Ad for the new book: reasons why property didnt crash in 2017 and why that means the 2020 crash will be even bigger!

 

David Lindsay is just appealing to the anti capitalist crowd so he can sell books and up his profile. That's all.

And to all the rest who rant and rave about markets crashing and evil investors and low life scum etx etc..well..i actually feel sorry for them. Perhaps they can't help being how they are anymore than investors can help seizing opportunities to build wealth and great lives.

 

just wondering... Is that book available for free? Did someone purchase it? It's interesting to see directly what we're discussing. What I found so far is just journalist's qoutes

 

@Barny bought the book and read it. It was published in 2014 and predicted the collapse of the property market and banking sector by the end of 2017. It's still for sale: $28.75

Australia

 

@AlexV_Sydney, I have been following this since 2015 when an article by Lindsay David sparked one of the longest and most bitter threads in the history of property chat. Back then I predicted he was wrong, so I have been following ever since to find out if any of predictions would come true. So far they haven't. This is the thread that started it all.

Banks have treated our housing market like a Ponzi scheme, and it's about to bust

 

what about the supporters of LD? Still in support of LD's predictions?

 

Not sure. The main ones have been banned.